IRA Calculator

Welcome to our IRA Scenario Calculator. The rules which govern Individual Retirement Accounts (IRAs) have changed allowing new and different options. The result will be greater flexibility for the consumer in savings for retirement. We hope you will find our calculator helpful when comparing your existing Traditional IRA program to the new Roth IRA.

To use the worksheet, please complete the information requested. When finished, click on the "Calculate" button.

Calculations are for informational purposes only and actual results may vary.


Savings Period Information
1.
Interest Rate
Fill in the interest rate you anticipate to earn on your investments during this period.		 %
2.
 Years of Savings
Fill in the number of years you plan to save.
3.
 Federal Tax Rate
Fill in your current Federal tax rate.
 %
4.
 State Tax Rate:
Fill in your current State tax rate.
 %
5.
 Interest Rate
Fill in the interest rate you anticipate to earn on your investments during this period.		 %
6.
 Years During Dispersal
Fill in the number of years you plan to take your distribution. You can base this on the age at which you expect to start taking distributions or any other criteria.
7.
 Federal Tax Rate
Fill in the Federal tax rate you expect to pay during this period.
 %
8.
 State Tax Rate
Fill in the State tax rate you expect to pay during this period.
 %

Additional Information
9.
 Contribution Amount
Fill in the dollar amount you expect to contribute annually during the "savings period" (maximum $4,000 if under age 50, $5,000 if 50 or older).
10.
 "Current Tax Savings"
Let's say you saved money on your income taxes as a result of making a tax deductible contribution in to a qualified retirement account. Check "YES" if you would invest that same amount of money. Or, check "NO" if you would not invest that same amount of money.
 Yes
No